Starting the day trading at $38.69, Legg Mason Inc. reached an intraday high of $40.07 and hit intraday lows of $38.68. Shares gained $1.08 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been 949,596 of …

Legg Mason has a 2.6% dividend yield, and the firm spent $374 million on stock buybacks during the fourth quarter, trimming the share count 9% from a year earlier. Legg Mason, with a Value rank of 95, is being initiated as a Buy.

Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing …